Following the death, Elton said: "I have lost a beloved friend - the kindest, most generous soul and a brilliant artist."

Elton, who famously performed Candle In The Wind at Princess Diana’s funeral in Westminster Abbey in 1997, is also reported to be planning on performing their track at George's funeral, according to another report in The Metro.

PA:Press Association

George Michael died on Christmas Day

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The Sun Online reported yesterday that some of the biggest names in the music industry, including Elton, could also be set to remember their beloved friend in a tribute to end all tributes.

Big names who have previously worked alongside the iconic star are said to be in the very early stages of talks and considering an ultimate send-off for George, 53, who died of heart failure on Christmas Day - with claims it could be in the shape of a "memorial concert".

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Tributes mount up outside George Michael's mansion as a host of celebrities plan the "ultimate tribute"

Everyone from Elton and Bob Geldof, to Wham! star Andrew Ridgeley, soul queen Aretha Franklin and pals Mariah Carey, Kate Moss, Naomi Campbell, and Cindy Crawford - the latter two models who starred in his Freedom 90 video - are just a few of the names said to be in the early stages of considering a tribute.

A source said: "It's early stages yet but George's pals are determined to deliver a send-off to remember for him.

"It's likely to be in the form of a memorial concert and to raise money for the causes close to George's heart.

"George was a dear friend to so many people, and there is no way that they will let him go without a send-off fit for a music legend."

Ex-Wham singer, George Michael dies aged 53 from 'heart failure' on Christmas Day